Foreign Minister Retno: We Need A Multilateral Trading System That Is Open, Fair And Not Discriminatory

Foreign Minister Retno Marsudi while attending the Summif of the Future (SoTF) Preparation (Source: Indonesian Ministry of Foreign Affairs)

JAKARTA - Foreign Minister Retno Marsudi said Pact of the Future should be able to ensure the creation of peace and prosperity for all, and must ensure a better multilateral architecture, while attending the Summif Of the Future (SoTF) Preparatory Minister's Meeting held on the sidelines of the 78th UN High Level Week General Assembly in New York, Thursday.

"This joint effort must be based on the principles of collaboration, solidarity and win-win solution," said Foreign Minister Retno in a statement from the Ministry of Foreign Affairs on September 22.

The Summit of the Future is a Summit that will be held in 2024 with the aim of strengthening multilateral cooperation and encouraging the achievement of global consensus to address the challenges of today and the future.

Meanwhile, the Summit of the Future Preparatory Ministerial Meeting was attended by Ministers from UN member countries.

"The Summit of the Future meeting must be able to provide tangible and concrete results. For this reason, multilateral architectural reforms are currently very important to be carried out," said Foreign Minister Retno.

On that occasion, Foreign Minister Retno emphasized that there are two main issues that must be held in the upcoming SoTF meeting.

First, continued Foreign Minister Retno, ensuring peace for all. He said peace can only be achieved if there is a strong peace infrastructure.

"The peace infrastructure includes: complying with the UN Charter and international law consistently; committed to resolving conflicts peacefully; strong multilateral cooperation; inclusive regional cooperation; UN DK reform to be more transparent, democratic, and effective; and maintaining peace through strengthening PKO," explained Foreign Minister Retno.

Next, Foreign Minister Retno also emphasized ensuring the achievement of welfare for all.

"We need an open, fair and non-discriminatory multilateral trading system, which respects the right to build from developing countries, hearing the voices and interests of developing countries, and which are inclusive with the global financial system," said Foreign Minister Retno.

Foreign Minister Retno added that the multilateral trading system must prioritize a green and sustainable economy with the great role of technology and innovation.

"The multilateral trading system must also be able to create a resilient global economy, including through strengthening the global health architecture, food and energy security, financial stability and the digital economy," he said.